Grab cuts 1,000 jobs, its biggest round of layoffs since the pandemic
CEO Anthony Tan said the job cuts are not a “shortcut to profitability” but will enable Grab to adapt to the competitive business environment.
SoftBank to shift from ‘defense mode’ to ‘offense mode,’ says CEO Masayoshi Son
“What I am interested in most, what I am working on most, is the AI revolution. I believe that mankind is going to be exceeded by computer or AI,” said CEO Masayoshi Son.
Chinese EV maker Nio raises more than $700 million in capital injection from Abu Dhabi
Chinese electric car company Nio announced Tuesday it received $738.5 million in new capital from a fund owned by the Abu Dhabi government.
From ice cream to cattle feed: Here are the winners and losers as the summer heat bears down
With temperatures hitting all-time highs, consumers are turning to ice cream and chilled drinks to beat the heat — and analysts say some sectors could benefit.
As growth stalls for the U.S. and China, Blinken talked up economic ties in high-stakes Beijing trip
U.S. Secretary of State Antony Blinken underscored the importance of the economic aspects of the bilateral relationship during his high-stakes trip to China.
Goldman Sachs names the winners and losers of an expected glut in EV battery parts
The Wall Street bank says two global stocks will benefit in particular and expects them to rise by 32% and 19% respectively.
Fundstrat’s Tom Lee names 3 trades investors should get into right now — and bitcoin’s one of them
The top Wall Street strategist predicts bitcoin will outperform the stock market and gives his five-year target.
Singapore has pledged billions to fight climate change. Experts say it’s not enough
Singapore’s government has pledged 100 billion Singapore dollars ($74.15 billion) over the next century to help the country fight climate change.
BofA top equity strategist Savita Subramanian takes most bullish position in at least 10 years
The market is more rational than it’s been in a decade, according to BofA Securities’ head of U.S. equity and quantitative strategy.
CNBC Daily Open: Rethinking the rally
The long weekend gave investors space to gather their wits on the state of the stock market, resulting in a slight pullback when trading reopened Tuesday.
